Peters & Peters

Partner Hannah Laming and Associate Craig Hogg discuss the practical realities of the SM&CR (Senior Manager & Certification Regime) in JIBFL

On 9 December 2019, the Senior Managers and Certification Regime (SM&CR) will come of age, when it is extended to Financial Conduct Authority (FCA) solo-regulated firms and branches for the first time. This is a significant milestone, for SM&CR will, from this date, essentially replace the old Approved Persons Regime, the much-maligned former regulatory framework applicable to individuals working within the financial services industry. Read more

(This article first appeared in the October issue of Butterworths Journal of International Banking and Financial Law).